General VAT Remarks
The general VAT rate in Bulgaria is 20%.
The rate for tourist services is reduced to 9%.
The law provides also for zero rated supplies, exempt supplies and transactions outside the VAT scope.
VAT Deduction
Taxable persons performing supplies subject to VAT (incl. zero rated) are entitled to deduct the related input tax, under the conditions and the terms provided by law.
Administrative Issues
Various compliance requirements are arranged, such as:
- types of and requirements for VAT registration
- tax documents – requisites, issuance deadlines, keeping, etc.
- monthly reporting
- VAT payment deadline
- VAT refund procedure